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Paysoft Flow

By BFI Pay
4.87 out of 5 stars
Smart Payments for Smart Businesses. Paysoft Flow offers clients an automated system for bulk EFT / batch payments processing. Paysoft Flow will automatically reconcile all Bills in Xero paid through the system providing clients significant cost & time savings.
Rated
4.9
out of 5
Reviewed by
15
Xero users
Listed for
1 year
October 2022
Key functions
Bills and expenses
Payments

Overview

BFI Pay has been rebranded to Paysoft Flow!

Smart Payments for Smart Businesses.

Creditors / Bills / Suppliers

Paysoft Flow offers clients a fully automated system for bulk EFT / batch payments processing. Paysoft Flow will automatically reconcile all Bills in Xero paid through the system providing clients significant cost & time savings. Perfect for larger volume B2B transactions.

Payroll

Upload CSV functionality for batch Payroll payments. Simple Pay and Payspace CSV Template import supported.

Debit Orders

Paysoft Flow offers a highly secure and cost-effective debit order collection system where users can sign on and upload debtor account files through unique access-controlled authorisation levels. You can add and process debit orders against all South African bank accounts. Digital debit order mandates available, for electronic signature from your debtors.

Paysoft Flow + Xero

Xero Integration:

Contacts:

Contacts is a 2-way sync between Xero & Paysoft Flow. Using our Sync functionality Paysoft Flow will bring in all contacts and contact information from Xero. Except Banking Details. Banking Details are controlled within the Paysoft Flow environment for security and risk purposes. Bulk Contact Banking details update feature available. Any changes made to contacts in Paysoft Flow will automatically be updated in Xero.

Payments:

When connected to a Xero Organisation and using the Xero Sync button under Payments, Paysoft Flow will bring in all the "Bills to Pay" under the Awaiting Payments Tab in Xero. No draft bills, awaiting approval bills and or credit notes will be synced.

From the Awaiting Payments Tab within Paysoft Flow you will be able to select & batch pay multiple bills from different Suppliers given that all the suppliers' banking details have been updated in Paysoft Flow.

After the batch has been approved; you must fund the instruction from your Bank Account to 1 of our Accredited & Controlled bank accounts (Beneficiary details available under Settings, Payment Details).

Once the funds are received in Paysoft Flow, Paysoft Flow will distribute the funds to all the suppliers within the batch, send Proof of Payments with a full remitance advice and automatically Reconcile all the bills from that batch in the connected Xero.

Paysoft Flow will create a Payment file from the batch payment in the connected Xero's bank account selected from the drop down when approving a payment. This allows the user to only click "OK" when reconciling the bank transaction with the created payment file.

Debit Orders:

Create & Send digital debit order mandates to contacts synced from Xero.

Reviews & ratings

4.9 out of 5 stars
15 Reviews

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Most recent reviews

HK
Hanro Kotze
Posted 16 Feb 2024
5 out of 5 stars

Awesome App

It saved days out of our month-end process and bank reconciliation. I would recomend this to all my clients.
WD
Walter de Swardt
Posted 4 Dec 2023
5 out of 5 stars

Great App

This app saves hours of manually loading payments!
SG
Simphiwe Gumede
Posted 29 Nov 2023
5 out of 5 stars

Life Changer!

Paying suppliers and staff has never been easier. Great app, great support team as well. You won't regret it one bit.

Additional info

Shared data

Xero
Paysoft Flow
Contactsshared from Xero to Paysoft Flow and from Paysoft Flow to Xero
Bank Transactionsshared from Paysoft Flow to Xero
Payment Servicesshared from Paysoft Flow to Xero
Paymentsshared from Paysoft Flow to Xero
Invoicesshared from Xero to Paysoft Flow

Functions

Bills and expensesPayments

Industries

Accounting

App details

By BFI Pay
Added in 2022

Countries

South Africa

Languages

English

Support

Contact supportwww.support@paysoftflow.co.za

Get started with Paysoft Flow

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.